Lease Accounting (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Lease Balances by Major Categories

Refer to the table below for our lease balances as of December 31, 2020 and December 31, 2019.

Leases	Classification	Financial Statement Caption	December 31, 2020		December 31, 2019
Assets
	Transportation Equipment	Right of Use Assets, net	$	88,038	$	98,588
	Office Space & Equipment	Right of Use Assets, net	7,489		11,085
	Facilities and Equipment	Right of Use Assets, net	58,398		67,398
Total Right of Use Assets, net			$	153,925	$	177,071
Liabilities
Current		Accrued liabilities	23,348		28,406
Non-Current		Other long-term liabilities	131,623		144,910
Total Lease Liability			$	154,971	$	173,316

Schedule of Maturity of Lease Liabilities

The maturities of our operating lease liabilities as of December 31, 2020 on an undiscounted cash flow basis reconciled to the present value recorded on our Consolidated Balance Sheet:

Maturity of Lease Liabilities	Transportation Equipment		Office Space and Equipment		Facilities and Equipment		Operating Leases
2021	$	23,226	$	3,100	$	6,871	$	33,197
2022	19,988		2,472		5,558		28,018
2023	18,992		697		5,504		25,193
2024	17,978		708		4,980		23,666
2025	10,973		655		5,016		16,644
Thereafter	16,678		1,071		125,376		143,125
Total Lease Payments	107,835		8,703		153,305		269,843
Less: Interest	(17,993)		(1,042)		(95,837)		(114,872)
Present value of operating lease liabilities	$	89,842	$	7,661	$	57,468	$	154,971

Schedule of Lease Term and Discount Rates

The following table presents the weighted average remaining terms and discount rates related to our right of use assets:

Lease Term and Discount Rate	December 31, 2020	December 31, 2019
Weighted-average remaining lease term	13.10 years	12.53 years
Weighted-average discount rate	7.68%	7.61%

    The following table provides information regarding the cash paid and right of use assets obtained related to our operating leases:

Cash Flows Information	December 31, 2020		December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	41,308	$	44,046
Leased assets obtained in exchange for new operating lease liabilities (1)	8,035		198,389

(1) 2019 is inclusive of our transition adjustment as of January 1, 2019.

Operating Lease, Lease Income

Our lease revenues for these arrangements (inclusive of fixed and variable consideration) are reflected in the table below for the years ended December 31, 2020, 2019, and 2018, respectively:

	Year Ended December 31,
	2020		2019		2018
M/T American Phoenix	$	24,116	$	27,010	26,959
Free State Pipeline(1)	5,234		6,090		6,586

(1) We sold the Free State pipeline to a subsidiary of Denbury Inc. on October 30, 2020. The 2020 revenues presented above reflect operations through October 29, 2020 as that was the last date the asset operated under our ownership.